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Category Archives: Fontainebleau
Possible breakthrough in Mandalay Bay shootings; Trump Int’l rated a “s***hole”
Authorities are hinting about an indictment coming down in the Mandalay Bay massacre but are being coy as to whom it will target. Information released thus far by those investigating the crimes suggests that — despite having been out of … Continue reading
Posted in Centaur Gaming, Donald Trump, Economy, Florida, Fontainebleau, Genting, Harrah's, IGT, Indiana, Law enforcement, Mandalay Bay Massacre, MGM Mirage, Nevada, Racinos, Sports, Technology, The Strip, West Virginia
Comments Off on Possible breakthrough in Mandalay Bay shootings; Trump Int’l rated a “s***hole”
There’s new life at F-blew; Casinos neglect safety plans
Contrary to some of his early pronouncements about Fontainebleau, new owner Steven Witkoff isn’t sitting on his asset but is pursuing roughly $2 billion of the $3 billion that will be required to finish the eye, er, glittering megaresort. He’s … Continue reading
Posted in Atlantic City, Carl Icahn, Fontainebleau, Genting, Golden Gaming, Indiana, Macau, Mandalay Bay Massacre, Nevada, Palms, Politics, Racinos, Regulation, Reno, Sheldon Adelson, Sports, Station Casinos, Steve Wynn, Steven Witkoff, Taxes, Technology, The Strip, Tribal, Tropicana Entertainment, Wall Street
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So long, Moulin Rouge; Golden merger green-lit
It just got a lot cheaper to buy the Moulin Rouge. The last vestiges of the original complex were pulled down yesterday after yet another suspicious fire ravaged through what once upon a time was Las Vegas‘ first integrated casino. … Continue reading
Posted in ACEP, Fontainebleau, Genting, Golden Gaming, history, Moulin Rouge, Movies, Regulation, Sam Nazarian, The Strip
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Hot numbers in August; MGM Cotai postponed
Although visitation to Las Vegas was down 2% in August, room revenues and rates were both up 3% (with a hotel room costing you $125/night on average) and occupancy at 91%. JP Morgan analyst Joseph Greff credited the Floyd Mayweather-Conor McPherson … Continue reading
Posted in Atlantic City, Boulder Strip, Colony Capital, Cosmopolitan, Downtown, Economy, Fontainebleau, Foxwoods, Hard Rock Hotel, International, Lake Tahoe, Laughlin, Macau, MGM Mirage, Mohegan Sun, North Las Vegas, Politics, Problem gambling, Regulation, Reno
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F-blew: Here we go again; Trop makes Hoosier history
Steven Witkoff hasn’t closed on the Fontainebleau sale yet, never mind receiving a gaming license, and he’s already being cast as the savior of the Las Vegas Strip. However, there are some dark clouds on Fontainebleau’s horizon. Despite the $1.3 … Continue reading
Bye, bye, Vegas Club; Murren accepts minority status
One of our favorite sources, VitalVegas author Scott Roeben, is interviewed at length by Nevada Public Radio on what, if anything, the introduction of virtual reality to the Las Vegas Strip means for the big casinos. In part, Roeben says, … Continue reading
Fontainebleau plans take shape; Newton blitzes sports books
Fontainebleau continues to make news. First off, lead investor Steven Witkoff and his partners plan to re-name the unfinished resort. Good idea, as “Fontainebleau” brings nothing but bad karma and negative associations to anyone who frequents the Las Vegas Strip. … Continue reading
Icahn’s big score
Did Carl Icahn just take Steven Witkoff to the cleaners? It sure looks that way. Witkoff and his associates paid, according to Bloomberg, $22 million an acre for Fontainebleau. Yes, $22 million. That figure is so dazzling I had to … Continue reading
F-blew sold; Turmoil at Westgate
It’s official. Carl Icahn has the Fontainebleau monkey off his back. He found a couple of chumps, er, investment firms in the form of Witkoff Group and New Valley, who bought F-blew for a cool $600 million. When you consider … Continue reading
Posted in Carl Icahn, Fontainebleau, Genting, LVCVA, Sheldon Adelson, SLS Las Vegas, The Strip, Wall Street, Westgate LV
2 Comments
F-blew sale rumored; New Jersey legitimizes DFS
According to VitalVegas, Carl Icahn finally has finally hooked a big one and the upshot will be a long-delayed sale of Fontainebleau for $650 million. Uncle Carl has long since recouped his bargain-basement purchase price by selling off everything wasn’t … Continue reading
Posted in Affinity Gaming, Atlantic City, Boulder Strip, Boyd Gaming, Carl Icahn, Derek Stevens, Donald Trump, Downtown, Fontainebleau, Genting, GLPI, Hard Rock Hotel, Harrah's, history, Internet gambling, Lucky Dragon, LVCVA, M Resort, MGM Mirage, North Las Vegas, Palms, Penn National, Politics, SLS Las Vegas, Station Casinos, Taxes, Terry Caudill, The Strip, Wall Street, Westgate LV
1 Comment
Stirrings of life on North Strip; Freeman hails Macao
Deutsche Bank analyst Carlo Santarelli visited Las Vegas this week and saw signs of life on the North Strip: “Despite limited progress, some recent concrete work is evident on the steel structures at Resorts World. We believe the project remains … Continue reading
Posted in Architecture, Fontainebleau, G2E, Galaxy Entertainment, Genting, Geoff Freeman, IGT, Marketing, Maryland, Melco Crown Entertainment, MGM Mirage, Sheldon Adelson, Steve Wynn, Technology, The Strip, Wall Street
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Analysts: Buy Penn!; Veteran columnist calls it quits
According to J.P. Morgan analyst Joseph Greff, “meaningful contributions” from the Tropicana Las Vegas, Plainridge Park Casino and Illinois slot route Prairie State Gaming drove a 14.5% improvement in Penn National Gaming‘s cash flow last quarter. M Resort hit a … Continue reading
Posted in Alabama, California, Economy, Election, Entertainment, Fontainebleau, Illinois, M Resort, Marketing, Massachusetts, MGM Mirage, Penn National, Politics, Sheldon Adelson, Slot routes, Station Casinos, The Strip, Tribal, Wall Street
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This just in …
An LVA source tips the Fertitta Brothers as the mystery buyers of Fontainebleau. They have at least two of the prerequisites: a “presence” in gaming and access to capital (Wall Street loves it some Red Rock Resorts these days). But … Continue reading
Posted in Fontainebleau, Reno, Station Casinos, The Strip
1 Comment
Hard May in Illinois; Buyer found for F-blew?
Casino patrons in Illinois are spending a bit more these days but there were 8% fewer of them last month, leading to a 6% revenue decline, partly due to one fewer weekend this year. On an individual basis, casinos tended … Continue reading
Posted in Boyd Gaming, Carl Icahn, Derek Stevens, Detroit, Downtown, Fontainebleau, GLPI, Harrah's, Illinois, MGM Mirage, Neil Bluhm, Penn National, Slot routes, Steve Wynn, The Strip, Transportation, Tropicana Entertainment, Wall Street
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Illinois casinos stave off competition; Palms potentially for sale
Despite being increasingly besieged by slot routes, Illinois casinos had a good February, up 5%. Foot traffic was 3% higher and customer spending rose 2%. Two operators had revenue-negative months, with MGM Resorts International off 1% at Grand Victoria Elgin, while … Continue reading
Wynn Everett’s uncertain destiny; Buyer for F-blew?
Forget those plans you were making to visit Wynn Everett. The casino resort won’t open until 2019, maybe later. Somerville Mayor Joseph Curtatone has thrown a monkey wrench into the works with his appeal of Wynn Resorts‘ waterside-construction permit. In … Continue reading
Posted in Carl Icahn, Environment, Fontainebleau, Macau, Massachusetts, Sheldon Adelson, South Korea, Steve Wynn, The Strip
1 Comment
Atlantic City: Sweeney wins … or does he?
In the end, New Jersey‘s two houses of the Legislature came together on casino expansion and we have to say that Assembly Speaker Vincent Prieto (D) blinked first, from where we sit. (In the peanut gallery, natch.) But was state … Continue reading
Baha Mar, beached whale of gaming; Betfair makes a tactical retreat
Prospective mold and corrosion are the likely fate of unfinished Baha Mar Resort, the $3.5 billion boondoggle that is probably the biggest megaresort flop of all time. (Only Fontainebleau on the Las Vegas Strip can hope to compare and it … Continue reading
Posted in Cirque du Soleil, Fontainebleau, Harrah's, International, Internet gambling
1 Comment
Up and down the Strip
SLS Las Vegas is finally doing better, if by “doing better” you mean losing only $39 million in a full 3Q15 as opposed to the $46 million lost in the truncated (five-week) 3Q14. Stockbridge Capital Partners continues to have to … Continue reading
Same old same-old at Trump; F-blew finally up for sale
Perhaps the biggest question surrounding Trump Taj Mahal is whether, when Carl Icahn takes over, the management team he has publicly upbraided will get to keep their jobs, especially since Uncle Carl has perfectly competent people taking care of business … Continue reading